Voice of International Business

For many of us who are working in the field of International Trade and especially dealing with import-cum-export business want to know the difference between Entre-port trade and the Re-export trade. This two types of import is done to export the imported goods again adding some profit margin on its import cost. In this article we will discuss those two terms as per import policy order 2015-2018 from ministry of commerce in Bangladesh. It will help you to understand how those two trade prcedures are handled as well as their differences.  Entre-Port Trade: Definition of entre-port trade: Entre-port trade means such a trade where imported goods are exported to a third country adding a margin to its import cost without any change, including their quality, quantity or shape.  Conditions for entre-port trade in Bangladesh: Import Permit on returnable basis from the Chief Controller of Imports and Exports will be required. Margin to be added to the import cost is minimum 5% as per I...